Predictive Analytics
Predictive analytics is like having a crystal ball for your data. It uses past trends and patterns to forecast what’s likely to happen in the future.
For example, a doctor might use predictive analytics to estimate a patient's risk of developing a disease based on their medical history and lifestyle. In business, a company could predict future sales by analyzing customer behaviour and seasonal trends.
Using advanced techniques like machine learning and statistical models, predictive analytics identifies patterns in data that allow businesses and individuals to make educated guesses about future events. While it doesn’t guarantee what will happen, it provides valuable insights to guide decisions.
In short, predictive analytics is a powerful tool that helps people and organizations anticipate the future by analyzing past and present data, enabling them to make better decisions and prepare for upcoming trends or challenges.